Rental Property for long term investment

[Mishalle Madni]

Investment Info:

Condo buy & hold investment in Columbus.

Purchase price: $74k

Purchased this as my first property and it's fully paid off. Yields a $1000 in rent/mo

What made you interested in investing in this type of deal?

Rental Income

How did you find this deal and how did you negotiate it?

Through a real estate agent

How did you finance this deal?

Cash and Loan from a local regional Bank

How did you add value to the deal?

repaint, change light fixtures

What was the outcome?

it's been rented and never been vacant for the past 7 years.

Lessons learned? Challenges?

Keep an eye out for great deals in good neighborhoods

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

None